In July 2024, the Group disposed of its 100% shareholding in SIA QSR Ghana Ltd. The consideration received amounted to USD 1.0m whereas the net liabilities disposed of were EUR 0.8m, including cash and cash equivalents of EUR 0.1m. A net gain of EUR 0.4m was recognized in the Consolidated Income Statement under other gains and losses, net (Note 2.5).
In December 2024, the Group disposed of its 100% shareholding in SIA QSR Kenya Ltd. The consideration paid amounted to EUR 0.1m whereas the net liabilities disposed of were EUR 1.4m, including cash and cash equivalents of EUR 0.1m. A net loss of EUR 1.1m was recognized in the Consolidated Income Statement under other gains and losses, net (Note 2.5).
in EUR m | Disposal of SIA QSR Ghana Ltd | Disposal of SIA QSR Kenya Ltd | Total |
Cash and cash equivalents, net of overdrafts | (0.1) | (0.1) | (0.2) |
Trade receivables | (0.2) | (0.1) | (0.3) |
Other current receivables and prepayments | (0.4) | (0.4) | (0.8) |
Inventories | (0.5) | (0.5) | (1.0) |
Property, plant and equipment (Notes 3.4, 3.7) | (0.8) | (0.8) | (1.6) |
Intangible assets (Note 3.6) | (1.3) | (0.7) | (2.0) |
Other non-current receivables | - | (0.1) | (0.1) |
Short-term debt | 0.1 | 0.3 | 0.4 |
Trade and other payables | 2.8 | 2.5 | 5.3 |
Other current liabilities | - | 0.2 | 0.2 |
Long-term debt | 1.2 | 1.1 | 2.3 |
Net liabilities disposed of | 0.8 | 1.4 | 2.2 |
Consideration received/(paid) | 0.9 | (0.1) | 0.8 |
Allowance for pre-existing intragroup financing | (3.3) | (2.3) | (5.6) |
Transaction costs and other indemnity provisions | - | (0.6) | (0.6) |
Loss on disposal before reclassification of translation differences | (1.6) | (1.6) | (3.2) |
Reclassification of translation differences | 2.0 | 0.5 | 2.5 |
Gain/(loss) on disposal | 0.4 | (1.1) | (0.7) |
Consideration received/(paid) in cash | 0.9 | (0.1) | 0.8 |
Less: Cash and cash equivalents disposed of | (0.1) | (0.1) | (0.2) |
Net cash inflow/(outflow) | 0.8 | (0.2) | 0.6 |